Q3 2019 Fixed Income Investor Presentation
Canadian Economic Trends Compare Favourably to Peer G7
Members
Strong Economic Fundamentals
Long Term GDP Growth Rate (2000-2018)
2.5%
.
Lowest total government net debt-to-GDP ratio
among G7 in 2018
2.0% 1.9%
2.0%
1.6%
•
Only G7 nation to balance its budget for 11
consecutive years (1998-2008), and one of the
1.5%
1.3%
1.2%
1.0%
0.9%
first to balance its annual budget post credit crisis
0.5%
•
Canada has the highest long term GDP growth rate
(CAGR) between 2000 and 2018 among the G7
0.2%
0.0%
Canada U.S.
U.K. Germany France Japan
Source: IMF, World Economic Outlook Database, April 2019
Italy
20
Canadian Federal Budget (Fiscal Year)1
10
O
-10
-20
Election
Oct '15
Projections
-30
-40
-50
-60
2002-2003
2004-2005
2006-2007
2008-2009
2010-2011
2012-2013
2014-2015
G7 Total Government Net Debt-to-GDP Ratios (2018²)
2.00%
150
1.00%
125
- 0.00%
100
-1.00%
-2.00%
% of GDP
75
50
-3.00%
25
Amount
-% of GDP
-4.00%
0
2016-2017
2018-2019
2020-2021
2022-2023
Source: Statistics Canada, Department of Finance
1 The Fiscal Year runs from April to March. For example, the 2018 Fiscal Year period is from April 1, 2018 to March 31, 2019.
Canada Germany United United France Italy Japan
Kingdom States
Source: IMF, World Economic Outlook Database, April 2019
CIBC
2. Canada's total government net debt-to-GDP ratio, which includes the net debt of the federal, provincial/territorial and local governments, as well as net assets held in the CPP and QPP
CIBC Q3 2019 Fixed Income Investor PresentationView entire presentation